Technical Analysis Mar 2016: MYEG (0138)
MY E.G. SERVICES BHD (0138)
Observation From Chart:-
MYEG forming descending triangle pattern.
Will it rebound @ RM2.05 support level?
Other indicator:-
MACD moving toward negative region, downtrend sign.
Stochastic %K trigger SELL call.
Immediate support @ RM2.05 level.
Subsequent support @ RM1.88 which is MA100 level.
Immediate resistance @ RM2.15 which is MA50 level.
Subsequent resistance @ RM2.33 level.
Let's watch closely for rebound opportunity.
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